Why PayPal Has Purchased Hyperwallet

The giant digital payments company says the acquisition of Hyperwallet will help strengthen PayPal’s payout capabilities with enhanced ability to provide an integrated suite of payment solutions for ecommerce platforms and marketplaces around the world.

“By acquiring Hyperwallet, we will strengthen our ability to provide an integrated end-to-end solution to help ecommerce platforms and marketplaces — however large or small — leverage world-class payout capabilities in over 200 markets,” PayPal CEO Bill Ready said in a statement back in June.

PayPal’s New Payment Solutions for Ecommerce Businesses

According to Ready, the acquisition of Hyperwallet Systems builds on PayPal’s aspiration to serve the global digital economy. In announcing closing of the acquisition, Ready noted that PayPal is eager to work with Hyperwallet Systems towards better serving the digital economy:

“We look forward to working with Brent and the Hyperwallet team to strengthen our platform with advanced payout capabilities as we build on our aspiration to serve the digital economy with a full operating system for commerce.”

With this buying spree in full swing, one can only hope that the giant digital payments company does indeed make accepting and disbursing ecommerce payments as seamless as it promises. Small business can benefit hugely with a frictionless and reliable global ecommerce payments solution.

“I am proud of everything we’ve built at Hyperwallet – from humble beginnings as a Vancouver-based startup to a global, world-class payouts company with an unwavering dedication to our customers,” said Warrington. “The combination of PayPal and Hyperwallet creates a powerful set of tools and services to help our customers pay the planet.”